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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 175.7 $ 182.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 121.4 118.1
Excess tax benefit from share-based payment arrangements (4.4) (0.3)
Share-based compensation 13.9 13.7
Deferred income taxes 17.0 (5.0)
Income of unconsolidated affiliated company (1.7) (1.5)
Non-cash impairment charge of discontinued operations 0.0 3.2
(Gain) loss on sale of property and equipment 1.7 (3.0)
Changes in working capital, excluding effect of acquisitions, divestitures and currency 15.4 94.6
Changes in other assets and liabilities 9.4 9.7
Net cash provided by operating activities 348.4 412.0
Cash flows from investing activities    
Additions to property and equipment (129.0) (147.9)
Business acquisitions and adjustments, net of cash acquired (114.5) 0.0
Proceeds from sale of property and equipment 7.3 9.4
Proceeds from divestitures 0.0 13.6
Net cash used in investing activities (236.2) (124.9)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 297.1 2.0
Repayment of long-term debt (23.9) 0.0
Net (repayment) borrowing of commercial paper (165.8) (31.8)
Net (repayment) borrowing of short-term debt (8.1) (20.0)
Cash dividends paid to shareholders (86.9) (82.2)
Common stock purchased for the treasury (95.4) (104.3)
Deferred payments for business acquisitions 0.0 (4.3)
Excess tax benefit from share-based payment arrangements 4.4 0.3
Stock incentive programs and related tax withholdings (14.6) (2.7)
Net cash used in financing activities (93.2) (243.0)
Effect of exchange rates on cash and cash equivalents 0.9 (12.6)
Net increase (decrease) in cash and cash equivalents 19.9 31.5
Cash and cash equivalents balance at beginning of year 59.2 47.1
Cash and cash equivalents balance at end of period $ 79.1 $ 78.6